BUSINESS YEAR 2016/17 DEBT INVESTOR RELATIONS JUNE 2017 voestalpine AG www.voestalpine.com
voestalpine GROUP OVERVIEW » voestalpine is a leading technology and capital goods group with combined material and processing expertise » It is holding global top positions in its business units » The group focuses on most demanding product and system solutions based on steel and other metals in technology-intensive industries and niches » Clear focus on strategically in the long run most promising sectors like mobility and energy » Long-term relationships with customers, suppliers and R&D-institutions as key drivers for innovation voestalpine AG | | 2 June, 2017 Debt Investor Relations
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions (Business year 2016/17) One Group – 500 sites – 50 countries – 5 continents 70% European Union 11% NAFTA 9% Asia 7% Rest of world 3% South America Revenue by industries (Business year 2016/17) Automotive 34% Railway systems 12% Aerospace 3% MOBILITY: 49% Energy 13% Building/Construction 10% Mechanical engineering 9% White goods/Consumer goods 5% Other 14% voestalpine AG | | 3 June, 2017 Debt Investor Relations
voestalpine GROUP STRATEGIC PRINCIPLES OF VOESTALPINE 2020-Targets » Steel as sole material base, additional use of alternative materials in processing activities Mobility » Portfolio expansion only in core businesses or in core-business-related areas ~50% » Downstream activities as drivers of further expansion » Consistent extension of the value chain towards attractive end customer segments Other » Growth focus in markets outside Europe (NAFTA, Asia) industries » Industry segments with highest technology and quality demand as preferred partners Other Regions > 40% » Technology and quality leadership in products and services 40 » Strong customer orientation – permanent cost and efficiency management – continuous process optimization 60 » Minimum top-3 position as clear objective in each business unit EU < 60% voestalpine AG | | 4 June, 2017 Debt Investor Relations
voestalpine GROUP COMPANY STRUCTURE AND MARKET POSITION voestalpine Group (Revenue in BY 2016/17) 33% 23% 23% 21% Steel High Performance Metals Metal Engineering Metal Forming Division Division Division Division Worldwide quality leadership Global leadership Global leadership Global leadership Global quality leadership in Worldwide leadership in tool Worldwide market leader in Global market leader in defined highest quality steel strip and steel, leading position in high- turnout technology; European niches supplying high quality global market leader in heavy speed steel and special forgings. market leader in rails and metal processing solutions with plate for the most sophisticated specially treated wire; and a global network and service. applications as well as casings leading position in seamless for large turbines. tubes for special applications and high quality welding consumables. voestalpine AG More information about voestalpine‘s business models and facts is available online: | | 5 June, 2017 Debt Investor Relations http://www.voestalpine.com/group/static/sites/group/.downloads/de/aktie/praesenta tion/2015-16-business-model-and-facts-voestalpine-group.pdf
voestalpine GROUP MANAGEMENT BOARD Wolfgang Eder Chairman of the Board (CEO) Joined voestalpine in 1978, member of the Board since 1995 Robert Ottel Member of the Board, Chief Financial Officer (CFO) Joined voestalpine in 1997, member of the Board since 2004 All members of the Herbert Eibensteiner Board have long- Member of the Board, Head of Steel Division Joined voestalpine in 1989, member of the Board since 2012 term engagement Franz Rotter and experience in Member of the Board, Head of High Performance Metals Division voestalpine Group! Joined voestalpine in 1981, member of the Board since 2011 Franz Kainersdorfer Member of the Board, Head of Metal Engineering Division Joined voestalpine in 1996, member of the Board since 2011 Peter Schwab Member of the Board, Head of Metal Forming Division Joined voestalpine in 1993, member of the Board since 2014 voestalpine AG | | 6 June, 2017 Debt Investor Relations
voestalpine GROUP SHAREHOLDER STRUCTURE Ownership structure according to regions (Figures as of March 31, 2017) Major individual shareholders (as of March 31, 2017) Raiffeisenlandesbank Oberösterreich Invest GmbH < 15 % & Co KG voestalpine employee shareholding scheme 14.8 % Oberbank AG 7.6 % voestalpine AG | | 7 June, 2017 Debt Investor Relations
voestalpine GROUP SOLID EARNINGS IN A CYCLICAL BUSINESS EBIT margin (%) voestalpine AG vs. European competitors EBIT margin (%) by divisions Lower volatility in earnings 30 30 and higher profitability than Steel-Peer competitors ! 20 20 10 10 0 0 -10 -10 -20 -20 (excluding material one-off effects) (excluding material one-off effects) -30 -30 Q3/2008 Q4/2008 Q1/2009 Q2/2009 Q3/2009 Q4/2009 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q3/2008 Q4/2008 Q1/2009 Q2/2009 Q3/2009 Q4/2009 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 voestalpine Group Steel Division voestalpine AG Steel-Peer-Group High Performance Metals Division Metal Engineering Division Solid earnings – only one quarter with negative EBIT since IPO 1995 – due to... ... a diversified portfolio ... a long value chain ... positioning in various market segments ... focus on innovation, service and cost efficiency ... partial backward integration voestalpine AG | | 8 June, 2017 Debt Investor Relations
voestalpine GROUP BUSINESS DEVELOPMENT BY 2016/17 – SUMMARY » Europe with accelerated economic growth in the course of BY 2016/17 » Strong impulses in voestalpine-relevant market segments in China » US growth rate weakening in H2 2016/17 » Recession in Brazil slowing down, however doubts on a broader recovery » Unchanged strong automotive markets in Europe & China, US with fading momentum in H2 2016/17 » Slowdown of European railway sector in H2 2016/17, stabilization on low level in the US, China strong » Beginning recovery of oil & gas sector in H2 2016/17 » Ongoing solid order intake in consumer goods and aviation industry, mechanical engineering improving » Adjusted earnings (EBITDA & EBIT) in 2016/17 above previous year – excellent performance in Q4 » Best quarterly EBITDA (480 € m) since 2010/11 as well as strong free cash flow generation (267 € m in Q4) » Massive reduction of Gearing-ratio to 53.2 % end of March 2017 (from 61.2 % end of Dec. 2016) voestalpine AG | | 9 June, 2017 Debt Investor Relations
voestalpine GROUP QUARTERLY FIGURES BY 2016/17 – REPORTED 1 st quarter 2 nd quarter 3 rd quarter 4 th quarter Business Year Business Year Delta 2016/17 2016/17 2016/17 2016/17 2016/17 2015/16 in % Sales 2,772 2,635 2,693 3,193 11,295 11,069 2.0 EBITDA 334 371 356 480 1,541 1,583 -2.7 EBITDA-margin 12.0% 14.1% 13.2% 15.0% 13.6% 14.3% EBIT 168 201 176 278 823 889 -7.4 EBIT-margin 6.0% 7.6% 6.5% 8.7% 7.3% 8.0% In millions of euros voestalpine AG | | 10 June, 2017 Debt Investor Relations
voestalpine GROUP QUARTERLY FIGURES BY 2016/17 – CLEAN 1 st quarter 2 nd quarter 3 rd quarter 4 th quarter Business Year Business Year Delta 2016/17 2016/17 2016/17 2016/17 2016/17 2015/16 in % Sales 2,772 2,635 2,693 3,193 11,295 11,069 2.0 EBITDA 334 371 356 480 1,541 1,446 6.6 EBITDA-% 12.0% 14.1% 13.2% 15.0% 13.6% 13.1% EBIT 172 205 180 284 840 814 3.1 EBIT-% 6.2% 7.8% 6.7% 8.9% 7.4% 7.4% In millions of euros voestalpine AG | | 11 June, 2017 Debt Investor Relations
voestalpine GROUP INVESTMENTS AND CASH FLOW DEVELOPMENT PEAK-CAPEX 1,311 1,178 (8.9%) CAPEX (INCL. 1,011 936 ACQUISITIONS) 852 DEPRECIATION 575 FREE CASH FLOW 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 Start global rollout of new automotive technologies Selected Start additive manufacturing, Germany, Asia, NAFTA Erection precision strip center, Austria CAPEX Start construction high tech aviation forging lines, Erection annealing line II, Austria projects Austria New heavy plate mill, Austria Start construction HBI plant, Texas, USA Erection new wire rod mill, Austria Global expansion value added services voestalpine AG | | 12 June, 2017 Debt Investor Relations
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